Overnight real estate rates increase
30-year fixed rate at 5.77%; 10-year Treasury yield at 4.53%
By Inman News, Tuesday, January 31, 2006.Long-term mortgage interest rates were up Monday, and the benchmark 10-year Treasury bond yield held at 4.53 percent.
The 30-year fixed-rate average rose to 5.77 percent, and the 15-year fixed-rate climbed to 5.36 percent. The 1-year adjustable was up at 4.53 percent.
The 30-year Treasury bond yield remained at 4.7 percent.
Rates are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average lost 7.29 points, or 0.07 percent, finishing at 10,899.92. The Nasdaq rose 2.55 points, or 0.11 percent, closing at 2,306.78.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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